I'm glad I work in Government. Its feast or famine in private industry. We have a few new hires from IBM that were essentially ran out because those jobs were sent to India where they could charge 3x less. All 3 had 20+ years in. Now our dealings with IBM are so terrible now we don't even bother calling. Their support now knows less than us and they just google what they think are the answers. IT is also going to a contract model where you complete the work and are let go.
My wifes job they fired an executive because he didn't golf, and was older than the other execs. 30 years of experience gone.